Archive | April, 2015

Hello everyone! It is a real pleasure to work for Apiary Fund. The environment here is awesome, and I am so blessed to work with great people with great energy, attitude, and an ability to always make you feel welcome.

Let me introduce myself, my name is Xavier Parra. I come from Ecuador: a small country in South America. Located in the middle of the world, Ecuador has nice beaches, mountains, and weather-summer all year long!

Some more about me. I have been in the US for over 10 years, and I enjoy having 4 seasons. It seems like time goes faster when you have 4 seasons (I might be the only one who feels that way, who knows). I have a Masters Degree in Economics, and was introduced to the currency market while studying Macroeconomics. I was intrigued by how currencies interact between each other, so I started learning more about this “mysterious market.”

One of the best things about FOREX (at least from my perspective) is that you are interacting with hundreds of thousands of people all over the world. You can feel the pulse of this market by checking the charts. The market keeps me current on the most important news around the world, because based on the news I can establish my positions (either to buy or sell certain currency pairs).

I am here to help people who share the same passion as me. I want to help people learn to love the things they learn from the market everyday.

Thanks!

-Xavier

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We just want to say thank you to everyone who has been sending us feedback for Alveo. It’s because of that our IT department knows exactly what to work on each day to make the Alveo platform better for everyone to use.

We also wanted to say thank you for all of your patience to those who have called into trader support the last month or so because we have been training some new support staff. As we all know, there is A LOT of information that is needed to know about trading-and Apiary Fund-to be successful. It can be a bit overwhelming at times for someone new-especially when everyone looks to you for answers when calling into trader support. We just want to give a shout out to Aeron, Vincent, and Pete for putting all of their hard work into being the great trader support team that we are!

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“Trading System” and “Trading Strategy” are two words that are often used interchangeably, but have two entirely different meanings.

A Trading System is the plan you put in place to accomplish specific goals in the market. Your trading system incorporates your trading goals, resources, and strategies into a plan to accomplish your purpose in the market.

Most of the time, when people talk about trading systems they are actually talking about a trading strategy. A trading strategy defines a set of rules you will follow in order to take advantage of a specific opportunity you see in the market. To build a trading strategy you would follow the following steps:

Step 1. Define what filters you will use to identify your opportunity in the market.

Step 2. Create the rules for your setup.

Step 3. Identify your trigger.

Step 4. Identify your target.

Step 5. Identify your stop.

Step 6. Determine your position size.

Step 7. Apply any trade management techniques.

Step 8. Track your results

Step 9. Review each trading sessions.

Step 10. Use stats to adjust your strategy.

Here’s what we did this week in our training on developing a successful trading strategy:

On Wednesday, April 1, we walked through the steps to developing a trading strategy.

Then, in the Trading Room on Thursday morning we traded the strategy-resulting in 4 winning and 1 losing trade.

Finally, that night in a class we reviewed the performance and identified a couple of areas we needed to adjust for better performance and better results.

It was a great experience. Some of you have not had the opportunity of developing a trading strategy and this was a very “hands on” demonstration of the process. If you want to review the steps yourself, go to the calendar and click on the links from April 1st and 2nd to review the recordings.

Disclaimer

Investing in securities, currencies, and/or contracts associated therewith carries inherent risks. No person, institution, or entity, including the Apiary Investment Fund, can guarantee a return on investment for such transactions. Neither the Apiary Investment Fund nor its representatives will recommend the purchase, sale, or transaction advice for a specific security.